Do option trades on FOPs count as a day trade?

A trade is considered a day trade when a position in a US or non-US security (Stocks, Stock and Index Options, Warrants, T-Bills or Bonds) is increased ("opened") and thereafter decreased ("closed") within the same trading session. A day trader is a trader who executes 4 or more "day trades" in 5 business days. …

A Day Trade constitutes as any trade pair wherein a position in a security (Stocks, Stock and Index Options, Warrants, T-Bills, Bonds, or Single Stock Futures) is purchased and sold (or sold and purchased) within the same trading session.

• If the aggregate margin requirements on Day Trades exceeds the account’s prior end of day maintenance excess, then a Day Trade call will be incurred…

Overview:

Yes, if a position that is opened is subsequently closed in the same trading session (day), it is defined as a Pattern Day Trade. If a liquidation results in the closing of a position that was opened in that same session/day, it would be counted towards the Pattern Day Trade total. This could also result in the account being flagged as a Pattern Day Trade account…

The Pattern Day Trading Rule ("PDT") does not apply to future contracts, options on futures contracts or Forex as they are considered commodities.

The PDT applies to both U.S. and non-U.S. securities positions, including stocks, ETFs, mutual funds, options and warrants. In addition to product consideration, application of the rule also depends upon the IBKR entity through which an account is maintained. Click…